TORONTO, CANADA (January 8, 2014) - ONEnergy Inc. ("ONEnergy" or the "Corporation") (TSXV: OEG and OEG.A) announced today that its wholly-owned subsidiary Sunwave Gas & Power Connecticut Inc. ("Sunwave") has been granted an Electric Supplier License for the State of Connecticut by the Connecticut Public Utilities Regulatory Authority ("PURA"). The license allows Sunwave to serve residential, commercial and industrial customers in the state for a period of five years.
"We are pleased to receive our Connecticut Electric Supplier License, and look forward to providing Connecticut homeowners and businesses with Sunwave's competitive products, services and outstanding customer care" said Sunwave President Robert Weir.
Subject to completion of final filings with the PURA, Sunwave expects to begin offering competitive electric service in Connecticut in February, 2014.
About ONEnergy Inc.
ONEnergy, through Sunwave (www.sunwavegas.com), is a licensed provider of innovative energy products to residential, industrial and commercial customers. ONEnergy is licensed to provide natural gas and electricity in Ontario and electricity in Connecticut, and has pending electric supplier licensing applications in Pennsylvania, Massachusetts and New York.
ONEnergy shares are listed on the TSX Venture Exchange under the symbols "OEG" for Multiple Voting Shares and "OEG.A" for Subordinate Voting Shares. ONEnergy's website may be found at www.onenergyinc.com.
The corporate information contained in this release includes forward-looking statements regarding future events and the future performance of ONEnergy that involve risks and uncertainties that could cause actual results to differ materially. Assumptions used in the preparation of such information, although considered reasonable by ONEnergy at the time of preparation, may prove to be incorrect. The actual results achieved may vary from the information provided herein and the variations may be material. Consequently, there is no representation by ONEnergy that actual results achieved will be the same, in whole or in part, as those forecast.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
Mark Lewis
Chief Executive Officer
(416) 444-8810